It was widely used on British cars, during the 80's IIRC.
Its a transistor assisted ignition, but I don't know whether its points
or reluctor.
A couple turned up in a box of auto spares I aquired and it'd be handy
to figure out how to test them..
I don't think Lucas ever made assisted points systems and all the
electronic ones I know are VR.
I think the unit you refer to was mounted on the distributor, and the most
likely vehicle it was used on in the US the Range Rover. The connections
on the heatsink or mounting plate are to the VR sensor, the other two on
top go to the coil. Some later versions had a three pin connector - the
extra one for a cable shield.
The unit can be reliable but rather depends on how hot it gets. On
vehicles with air con it's likely to have a shorter life.